Persons Insured definition
Examples of Persons Insured in a sentence
Family Your legal husband/wife and any number of Child/Children named as Person(s) Insured in the Policy Schedule.
In the event the Person(s) Insured is admitted to a hospital and/or receive medical treatment outside Malaysia and the bills are rendered in a currency other than the Malaysian Ringgit, reimbursement shall be done in Malaysian Ringgit based on the quoted exchange rate (open market rate if a free market, official rate if not a free market) on the date the Person(s) Insured is discharged from hospital or received treatment.
Corporate body to whom the Policy has been issued in respect of the Person(s) Insured.
Interested PartiesWe shall unless otherwise expressly provided by Endorsement be entitled to treat You as the absolute owner of this Policy and shall not be bound to recognise any equitable or other claim to or interest in the Policy and the receipt by You or the Person(s) Insured or the Person(s) Insured’s next-of-kin or the Person’s Insured’s legal personal representatives alone shall be an effective discharge of all Our obligations and liabilities under this Policy.
If the total Sum Insured exceeds RM3,000,000.00, the claims for each Person(s) Insured shall be payable in proportion.
We agree to cover Person(s) Insured for any Injury, loss and/or damage due to Accident up to the amount stated in the Policy Schedule subject to the conditions, exclusions and limitations of this Policy.
Compensation payable shall not exceed 52 weeks in respect of any one Injury calculated from the date the Person(s) Insured were first examined by a Medical Practitioner.
Person(s) Insured(A) Commercial Vehicle Person(s) Insured shall mean the driver and passengers in the Commercial Vehicle described in the Policy Schedule aged between 3 to 70 years.
Termination of CoverageThe coverage for the Person(s) Insured shall terminate: 1.
Interested Parties We shall unless otherwise expressly provided by Endorsement be entitled to treat You as the absolute owner of this Policy and shall not be bound to recognise any equitable or other claim to or interest in the Policy and the receipt by You or the Person(s) Insured or the Person(s) Insured’s next-of-kin or the Person’s Insured’s legal personal representatives alone shall be an effective discharge of all Our obligations and liabilities under this Policy.